HanesBrands (HBI) Recently Broke Out Above the 50-Day Moving Average

HBI has rallied 14.3% over the past four weeks, and the company is a Zacks Rank #1 (Strong Buy) at the moment. This combination suggests HBI could be on the verge of another move higher. Once investors consider HBI's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, and the consensus estimate has increased as well. HanesBrands (HBI) is looking like an interesting pick from a technical p ...